Republican Gregg tops Obama list for commerce post

WASHINGTON (Reuters) – Republican Senator Judd Gregg has emerged as Democratic President Barack Obama’s top candidate for U.S. commerce secretary and a decision could come as early as Monday, an administration official said on Saturday.

(AFX UK Focus) 2009-01-30 20:10 Fannie Mae portfolio, delinquencies rose in Dec (Interactive Investor)

NEW YORK, Jan 30 (Reuters) – Fannie Mae, the largest provider of funding for U.S. home mortgages, on Friday said its portfolio of investments rose in December, while delinquencies accelerated in the previous month on loans it guarantees. Delinquency on

China exposes three more porn Web sites

BEIJING, Jan. 30 (Xinhua) — China’s Ministry of Public Security Friday exposed three more Web sites it deemed ‘containing a large amount of lewd content’ and ordered the sites for immediate cleaning. The three sites are, namely, the Beijing-based

Brown: World Bank, IMF ‘out of date’

British Prime Minister Gordon Brown has called on world leaders to set about reforming international financial institutions to prevent a repeat of the circumstances that led to the current financial crisis. Speaking to CNN’s Christiane Amanpour during a

UK gov’t seeks end to protests over foreign labor (AP)

Demonstrators gather at dawn at Total's Lindsey oil refinery near Immingham, north east England Friday Jan. 30, 2009. Seven hundred employees at a Scottish refinery walked out Friday, joining a growing campaign of protests against foreign citizens being hired for an oil industry construction project in England. The protests were provoked by an Italian company's decision to use Italian and Portuguese workers for a 200 million-pound ($280 million) project at the Total's Lindsey refinery. (AP Photo/Jon Super).AP – In the face of growing protests and rising unemployment, the British government said Saturday it understands the frustration of energy workers who have walked out over the hiring of foreign citizens. But it warned against protectionism, saying isolating the British economy would only make the downturn worse.

Obama pushes economic plan

WASHINGTON (Reuters) – U.S. President Barack Obama sought on Saturday to rally support for his emerging economic rescue package, as he stood by his latest cabinet nominee to run into tax problems that could impede Senate confirmation.